521 N Nebraska StSalemSD57058
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Total monthly income runs $587/mo, and a $1,713/mo payment. Purchase price stands at $350,000, and rental yield measures 2.01% with $587/mo rent. Return on cash invested shows 3.1% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 12.94% and total cumulative return in cash records $15,014. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $587/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1925
10,201 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57058, Salem, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 915 (100%) |
| Owner Occupied HU | 619 (67.7%) |
| Renter Occupied HU | 190 (20.8%) |
| Vacant Housing Units | 106 (11.6%) |
| Median Home Value | $233,214 |
| Average Home Value | $291,951 |
Housing Distribution
Address Breakdown
Residential
626
Single Family
544
Multi-Family
82
Businesses
102
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Listed by: Bonnie J Sabers • Bonafide Real Estate LLC
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22504298